Flat markets, rising tension.
Indian indices stayed muted today, but all eyes are on Donald Trump and his looming tariff bomb.
The Sensex ended flat, up just 9 points.
Nifty? Almost unchanged at 25,461.
Gains in FMCG and Oil & Gas were wiped out by weakness in Financials and IT.
Top losers? Infosys, Tech Mahindra, and Maruti.
Top gainers? HUL, Kotak Bank, Reliance, and Godrej Consumer, which soared over 6% after strong Q1 guidance.
What spooked the market?
Trump warned of new 10% tariffs starting August 1 — and India may not be spared.
He’s targeting BRICS-aligned economies with “anti-American” trade policies.
Uncertainty = caution.
Analysts say we’re in consolidation mode, but the underlying tone is still positive.
Support for Nifty? 25,400.
Resistance? 25,500 — a breakout here could take us to 25,800.
The rupee dropped sharply to 85.85 vs the dollar, worst fall since mid-June.
Meanwhile, oil prices bounced back despite an OPEC+ supply hike.
And global markets? Mostly in the red, waiting for clarity from Washington.
Flat day on the surface… but under the hood? Global nerves, sectoral churn, and tariff fears.
Will Trump’s next move shake the Street?
Stay tuned, and stay sharp.
